What is business context model?

 The business context model (BCM) is a methodology for managing and analyzing business processes. BCM was developed in the early 1990s  by professors at University of North Carolina at Chapel Hill, with the goal of improving process management within organizations. The BCM constructs a three-dimensional view of the business environment, consisting of physical elements (such as buildings and computers), human resources, and information systems. The BCM provides managers with the ability to identify and understand how each element affects the other two, as well as to make decisions that optimize overall performance. Find more about Best Context Marketing for Entrepreneurs and Small Business. 

Why do we use context models?

Context models are a powerful machine learning tool that can be used to improve the accuracy of predictions. They're particularly useful when you want to make predictions about events that have occurred in the past or that will occur in the future.

One example of where context models can be helpful is when you want to predict which customer will churn. You can use context models to learn about the individual customer's history with your company and their current behavior. This information can help you make more informed decisions about how to interact with them and keep them as customers.

Another application for context models is fraud detection. By understanding what factors influence a person's decision to commit fraud, you can prevent fraud from happening in the first place. This information can be used by financial institutions, retailers, and other businesses who rely on online transactions.

How do you create a context model?

Context models are a powerful way to model the dependencies between entities in your system. The context model helps you understand how the entities depend on each other and what changes might have an impact on them.

There are several ways to create a context model. One approach is to use inheritance. For example, you might create a BaseContextModel and then extend it with different types of contexts. This approach is easy to understand but can become cluttered quickly.

Another approach is to use associations. You can attach an entity to one or more contexts by using the AddAssociation method. This approach is simple but lacks flexibility.

A third option is to use composition. You can combine entities into larger structures by using the AddComposition method. This approach is more complex but allows for more flexibility than either inheritance or association.